Nitta Gelatin India Reports Stable Q3 FY24-25 Results Amid Positive Sales Trends
Nitta Gelatin India reported stable financial results for the quarter ending December 2024, with net sales reaching Rs 134.64 crore and earnings per share at Rs 26.92, both the highest in five quarters. However, the company experienced a decline in its debtors turnover ratio, indicating slower debt settlement.
Nitta Gelatin India, a microcap player in the chemicals industry, recently announced its financial results for the quarter ending December 2024. The report, released on February 10, 2025, highlights a stable financial performance for the third quarter of FY24-25. Notably, the company's score has undergone an adjustment, moving to 0 from -5 over the past three months.The financial data reveals several positive trends for Nitta Gelatin. The net sales reached Rs 134.64 crore, marking the highest figure in the last five quarters, indicating a favorable near-term sales trajectory. Additionally, the earnings per share (EPS) stood at Rs 26.92, also the highest in the same timeframe, reflecting an increase in profitability and enhanced earnings for shareholders. Furthermore, cash and cash equivalents reached Rs 96.31 crore, the highest in the last six half-yearly periods, suggesting an improvement in short-term liquidity.
Conversely, the company faces challenges, particularly with its debtors turnover ratio, which has declined to 5.58 times, the lowest in the last five half-yearly periods, indicating a slower pace in settling debts.
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